Question: Using the following accounts and balances, use Method 2 to prepare the Stockholders' Equity section of the balance sheet with all of the appropriate disclosures.

Using the following accounts and balances, use Method 2 to prepare the "Stockholders' Equity" section of the balance sheet with all of the appropriate disclosures. Common Stock, $75 par (70,000 shares authorized, 63,000 shares issued) $4,725,000 Paid-In Capital in Excess of Par 679,000 Paid-In Capital from Sale of Treasury Stock 25,200 Retained Earnings Treasury Stock (7,000 shares at cost) 2,032,800 600,000 Stockholders' Equity Line Item Description Amount Amount Contributed capital: Total Total stockholders' equity
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